No, the allocation of pips is done on a Level-by-Level basis. Whenever you go up or down a Level, you have the option to select the number of pips for your target (ranging from 20 to 200 pips).

It's important to note that if you have, for instance, 20 pips remaining to reach the next Level and your take profit is set at 40 pips, the trade will be automatically closed once the price reaches those 20 pips required to move up a Level.